Beverages group Lion blocked from $600 million deal with Chinese distribution company

By Ellie Dudley · 25 August 2020 · News

Beverages group Lion blocked from $600 million deal with Chinese distribution company

China's $600m deal with Lion Dairy blocked at the last minute

A major Australian milk brand deal has been scuttled, leaving investors and consumers wondering what's next. The fate of Big M, Dare Iced Coffee, and Yoplait yoghurt hangs in the balance.

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Summary

A deal to sell the company behind some of Australia’s most popular milk brands to a Chinese firm has been called off. Lion Dairy and Drinks – home to Big M, Dare Iced Coffee and Yoplait yoghurt – was to be sold to Chinese company Mengniu Dairy as announced by Japanese company Kirin in November […]